January 5, 2008

Residential Property Taxes Going Up

With home prices declining, the property tax bite is not going to decrease. If anything, it will increase do to the nature of government. At lease here in New Jersey, government has insulated itself in archaic unionism and privilege coupled with impulse spending with little to no oversight.  State business buy favorable treatment for new spending  from politicians using campaign contributions.

Many authorities tell us that there are 40 to 60 percent chance of error in our property tax assessments. That may inspire some to appeal their residential property taxes.

Before you appeal you property taxes, pull up and arm yourself with information about sales prices of similar homes, homes that look like yours and are in the same general neighborhood. Use an assessment worksheet in order to make adjustment plus or minus for amenities that comparable properties have or lack when compared to your home.

If you do it yourself you get a free assessment worksheet and professional advice and hands on training making your appeal using the manual provided from http://www.propertytaxax.com

The only other choice is to wing it or pay over $1,000 for an appraiser and lawyer to represent you.

 

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